Huge breakout on BABA stock today But should traders expect this breakout to hold and continue the rally higher or will the Alibaba (BABA) reverse the breakout and pullback? After an 84% rally off the January lows, this stock is incredibly overbought. In this video, I provide my technical analysis for BABA and point out
$BABA inverse head and shoulders yet to confirm, and heavy declining resistance above. Previous bases similar to the current one never quite materialized with a breakout - something to keep in mind. . Keep an eye on this bearish inverse cup & handle pattern on $PDD. Not confirmed yet, but a break below $120 would
Third day in a row for the 10 year yield to test the rising trend-line. $TNX $TSLA Analysis $BABA testing support following a massive earning sell-off. This is a key area to hold going forward. Ugly reversal following yesterday's developing basing pattern.
Watch for a potential breakout in $BABA above resistance $VRTX testing lower-trend-line. Best to wait for evidence of a bounce instead of assuming gone will take place.
Strong post earnings run, but struggling to push through resistance. Needs to break through to jump start the next leg higher. Major support for $XLU still holding but a push below $64 support could spell trouble for the utilities sector. Big move out of $YETI today gapping above major resistance, after consolidating for much of
$MTCH broke out and through its declining trend-line. I'm watching whether it pulls back to the trend-line and declining support for a potential bounce. $XLE coming back to test the breakout support level. Watch to see whether it can bounce here. $JETS rising trend-line broken and today, though it is rallying off the lows, it
Realistically, where is $NVDA going to find new buyers at this level? Descending triangle pattern breaking to the downside on $BABA. Significant breakdown taking place on $TGT as it pushes below the lower channel band. $INTC breaking down through the triangle, and looking at a possible retest of support Bull flag breakout for $BRBR.
$GS breakout of cup and handle pattern but I can’t trust it ahead of 4/18 earnings.
Watching for $SMCI to pullback to the rising trend-line for a potential bounce play.
$BBBY down 67% since the highs of Monday.